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Strategies & Market Trends : Strictly: Drilling II
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To: Jim Willie CB who wrote (20864)10/29/2002 10:13:30 AM
From: nspolar  Read Replies (1) of 36161
 
jw, my interpretation of Roach and others is that the dollar has to come down because the BOP deficits will get out of hand, otherwise. There is no way the type of deficits experienced (and growing) can keep going. The only way this figure can come down is via a reduction in the value of the dollar, relative to the foreign currencies currently financing the US BOP deficit.

In the macro sense makes sense to me.

The cost of imported goods doesn't necessarily have to increase just because the value of the dollar drops, does it? If the importers don't have pricing power they have to lower their costs, sell at a loss, or get out of business. Some of their costs are also dollar related, so it would seem.
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